News

Financial applications

September 28, 2016 28 Sep'16
Mastercard woos software developers with API platform

Credit card company Mastercard is investing heavily in digital payments and wants to engage with developers and startups
September 26, 2016 26 Sep'16
Emirates Islamic bank and the Muslim finance revolution

The CIO at Dubai-based bank Emirates Islamic tells Computer Weekly how IT is supporting the company through industry change
September 13, 2016 13 Sep'16
Banks and fintech firms respect each other, says HSBC boss

The relationship between banks and fintech companies has sweetened over the past five years with mutual respect evident, says HSBC boss
September 13, 2016 13 Sep'16
DNB and Nordea to merge IT operations for Baltic super bank

Two of the Nordic region’s banks will use joint operations, including IT, to help them grow in the Baltic area

September 08, 2016 08 Sep'16
Bank IT spending to hit $241bn across four major global regions

IT spending across four major economic regions will increase by around 4% in 2016, but Europe is the least certain
September 07, 2016 07 Sep'16
Barclays uses blockchain for trade finance transactions

Barclays Bank has successfully tested the use of blockchain technology to complete a large trade finance agreement, which promises huge efficiencies
August 05, 2016 05 Aug'16
RBS abandons IT project for hiving off 300+ bank branches

RBS has abandoned a project to create an IT platform to support the sell-off of more than 300 bank branches
August 04, 2016 04 Aug'16
Singapore’s DBS Bank signs up to Amazon cloud

The latest move in the cloud journey of DBS bank in Singapore is an agreement with Amazon Web Services
July 11, 2016 11 Jul'16
Visa’s Dubai innovation centre to focus on digital payments

Visa has opened a technology innovation centre in Dubai to focus on cashless payments
June 28, 2016 28 Jun'16
Finland’s prisons move to a cashless world

Inmates in Finland’s prisons will no longer need to use cash as a pre-paid card system is rolled out

June 27, 2016 27 Jun'16
Banking IT community faces uncertain Brexit future

The financial services IT community faces a period of uncertainty as finance firms reassess plans following the EU referendum result
June 13, 2016 13 Jun'16
Singapore banks adopt voice biometrics for user authentication

Banks in Singapore are rolling out biometric technology to improve customer services by speeding up the authentication process
June 13, 2016 13 Jun'16
Nordic CIO interview: Johnny Bröms, Swedish fast-food chain Max Burger

The CIO of Swedish fast-food chain tells Computer Weekly how digital technology is increasing sales and supporting expansion
June 06, 2016 06 Jun'16
‘Considerable risk’ if Post Office replaced Horizon system, says chairman

Post Office chairman Tim Parker says there would be ‘considerable risk’ associated with changing its Horizon computer system
May 27, 2016 27 May'16
Bristol Water outsources IT as business model transforms

Bristol Water outsources IT to Wipro to support it through a period of transformation to its operating model
May 19, 2016 19 May'16
ING Turkey uses digital technology to improve services and grow customer base

Turkish bank uses business process management technology to offer financial services through 1,500 grocery stores, technology outlets and post offices
May 09, 2016 09 May'16
Post Office apologises as system goes down

The Post Office computer system failed on 9 May 2016, leaving sub-postmasters unable to open branches
May 06, 2016 06 May'16
Swedbank boosts customer service with a virtual assistant

Nuance Nina will offer basic frontline support for online customers
April 15, 2016 15 Apr'16
Capgemini to build 100-strong team of blockchain specialists

The IT services firm is building a team of 100 blockchain experts as banks start to consider the technology as the future of financial services
April 12, 2016 12 Apr'16
UK poised to lead global fintech sector, says Tech City chair Eileen Burbidge

Tech City chair and venture capital expert says the UK is in a position to become a world leader in financial services and sheds light on how cloud can provide failing firms with a stay of execution
March 23, 2016 23 Mar'16
Android Pay UK launch announced by Google

Google is entering the UK mobile phone payments market, with Android Pay expected to be available in months
March 16, 2016 16 Mar'16
Fintechs want to take one-third of traditional banks’ business

Banks know they could lose large chunks of business to fintech firms, but if the challengers have their way, it will be more than expected
March 16, 2016 16 Mar'16
Rolls-Royce cloud HR project will pay for itself in two years

HR IT director Mark Judd explains how engineering and aerospace firm swapped ageing ERP and spreadsheets for a company-wide core HR system
March 16, 2016 16 Mar'16
Atom Bank to offer artificial intelligence-based customer support

Digital bank is integrating AI into its mobile banking app for customers to access support
March 16, 2016 16 Mar'16
Oracle Q3 2016: cloud revenue grows, US currency strength takes toll

SaaS and PaaS combined contributed $583m in third quarter, up 57% in US dollar terms, while IaaS was down 2% in dollars to $152m
February 25, 2016 25 Feb'16
Payments regulator wants banks to sell stakes in Vocalink

The UK payments regulator wants banks to loosen their grip on the payments infrastructure by selling off some of their stake in it
February 15, 2016 15 Feb'16
Sweden’s NFT Ventures looks to Finland for fintech startups

Swedish startup fund that targets financial technology developers has expanded its reach into Finland
February 10, 2016 10 Feb'16
Insurance giant RSA announces another outsourcing deal

Insurance company RSA has penned its second major outsourcing contract in a week as it extends a BPO contract with Accenture
February 08, 2016 08 Feb'16
Post Office faces group litigation over Horizon IT as subpostmasters fund class action

Subpostmasters who claim to have been wrongly convicted of fraud take the Post Office to court after getting the funds for a group action
February 05, 2016 05 Feb'16
Visa opens up its technology to developers

Software developers at fintech companies and banks are to be given access to Visa’s technology
January 26, 2016 26 Jan'16
Could Sweden become the first cashless society?

Sweden is fast becoming a country where cash is on the periphery of payments, and some think it might be the first to become cashless
January 20, 2016 20 Jan'16
Mobile services helping banks retain customers and add revenue

Investments in mobile banking services are helping banks increase revenue and retain customers
January 05, 2016 05 Jan'16
HSBC suffers major online banking failure

HSBC customers unable to access online banking services as the UK bank suffers internal technical issue.
December 24, 2015 24 Dec'15
Top 10 financial services IT stories of 2015

The financial services industry is undergoing unprecedented change, driven by IT and regulation.
December 18, 2015 18 Dec'15
More than a quarter of Brits bank on mobile, but branches still popular

More and more people in the UK are banking on their smartphones, but more than a third still visit branches regularly
December 09, 2015 09 Dec'15
Volvo finance department expands system support beyond Sweden

Volvo Group Treasury has extended an outsourcing agreement with Virtusa to give it the same support response times worldwide
December 03, 2015 03 Dec'15
Workday ringfences support in Europe after Safe Harbour ruled unsafe

US cloud HR and financial services provider reponds to Safe Harbour failure by ringfencing European data
November 20, 2015 20 Nov'15
Group litigation against Post Office being prepared in Horizon dispute

Subpostmasters who believe they have been wrongly punished for misaccounting or theft due to flawed computer system prepare group legal action against Post Office
November 18, 2015 18 Nov'15
Post Office IT support email reveals known Horizon flaw

An email from Post Office IT support reveals a problem with the Horizon system and supporting processes that could lead to accounting errors
November 17, 2015 17 Nov'15
Deutsche Bank signs India’s HCL Technologies for digital services and systems integration

Deutsche Bank is expanding its long-established relationship with IT services supplier HCL Technologies as it forges on with its digital transformation
October 26, 2015 26 Oct'15
Oracle OpenWorld 2015: Larry Ellison vaunts Oracle’s cloud services over rivals

Larry Ellison promoted his company’s cloud services and berated rivals in his opening keynote at Oracle OpenWorld 2015
October 26, 2015 26 Oct'15
Transforming Singapore Post through modern technology

When Singapore Post realised it had to change its business model to survive, it appointed its first CIO to front the technology transformation
October 21, 2015 21 Oct'15
James Arbuthnot takes Post Office IT fight to House of Lords

James Arbuthnot takes his seat in the House of Lords and continues campaign for subpostmasters who claim to have been wronged by faulty Horizon IT system
October 19, 2015 19 Oct'15
Opera chooses Workday over Oracle as it moves HR to cloud

Browser company Opera opts for slick internal IT as it competes with Apple and Google for skilled technologists
October 15, 2015 15 Oct'15
Why blockchain heralds a rethink of the entire banking industry

Blockchain, the distributed ledger technology behind bitcoin, is both a threat and an opportunity for financial services – and the banks are taking it very seriously
October 05, 2015 05 Oct'15
Workday seeks growth, not profit, as it expands in Europe

Cloud services company Workday is setting its sights on growth as it expands from cloud HR, to finance, learning and analytics
September 29, 2015 29 Sep'15
Nationwide Building Society deploys artificial intelligence to reduce back-end complexity

Nationwide Building Society is using artificial intelligence to help it reduce the complexity of its back-end systems as it introduces more digital products
September 24, 2015 24 Sep'15
Nordea Bank signs Temenos and Accenture for core banking transformation

Nordea Bank AB has chosen the core banking system it wants to build its digital future on, signing Temenos and Accenture as technology partners
September 03, 2015 03 Sep'15
Al Rayan Bank finds business agility in cloud applications

Al Rayan Bank believes its investment in cloud applications gives it an edge in business agility
August 11, 2015 11 Aug'15
Small IT firms most susceptible to going under due to late payments

Small businesses, particularly those supplying IT, should look at alternative financing models as late payments put them at risk of closure